Wood wins $53m Abu Dhabi contracts

Aberdeen-based oil services and engineering giant Wood plc said it has been awarded three new contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC).

Project management consultancy (PMC) services will be provided for major projects across the company’s onshore fields in Abu Dhabi, aimed at supporting ADNOC’s group-wide production capacity target of four million barrels of oil per day by 2020.

“Creating around 100 new jobs in-country, the five-year contracts have one-year extension options available,” said Wood.

“This win builds on Wood’s successful track record of partnering with ADNOC, which spans over 40 years and has included multiple, significant PMC projects.”

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia and Australia said: “Wood has a strong foothold in the Middle East and our strategic focus on continuing to broaden the capabilities we deliver to the oil and gas market in this region is demonstrated by these new contracts.

“We look forward to working closely with ADNOC Onshore to continue to deliver safe and effective services, applying our ingenuity and expertise to maximise production of its onshore assets in line with their 2030 strategy.

“We are focused on supporting in-country value and closer collaboration with the UAE supply chain, using local vendors for the purchase of goods and services. We are also committed to creating opportunities to nurture new industry talent in Abu Dhabi and the UAE, which will be central to our successful execution of this contract.”